A wholly-owned foreign subsidiary of Uzma Berhad, MMSVS Group Holding Co. Ltd., Thailand  has received a contract award from Medco Energi Thailand (Bualuang) Limited for Provision of Hydraulic Workover Unit (HWU) Services (Call-Out) for Bualuang Field for a period of three (3) years
In a statement to Bursa Malaysia, the Company said that MedcoEnergi’s scope of work comprises of HWU and associated equipment service required for Offshore Workover and Well Services activities in the Gulf of Thailand.
The duration of the Contract is for a period of three (3) years on a callout basis where the services shall be provided upon MedcoEnergi’s written callout notice.
The Contract is expected to contribute positively towards the earnings and net assets per share of the Company for the financial year ending 30 June 2021 and onwards until the expiry of the Contract.
